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tonight, tom coburn of oklahoma, a man who's been called one of the keys to reaching a real deal. >> glad to be with you. >> let's begin with this letter that's addressed to the president and comes to majority leader boehner. in this letter, he sort of lays out part of his plan. what do you think of his plan as we've laid out so far? >> i think the first thing that i heard you say is the white house is already reacted negativively to it, which is really concerning to me. look, what he offered was what erskine bowles offered as a compromise to the democrats and republicans. i'm certain if this is not good enough for the white house, we will go over the fiscal cliff because this is a compromise on taxes. this is a compromise on mandatory spending and it's a compromise on discretionary spending over what the select committee had debated. >> the details if we can and i should mention that erskine bowles put out a statement saying this -- does not represent the bowles-simpson plan, nor is it the bowles plan. in my testimony before the joint select committee on deficit reduction, i simply
tonight, tom coburn of oklahoma, a man who's been called one of the keys to reaching a real deal. >> glad to be with you. >> let's begin with this letter that's addressed to the president and comes to majority leader boehner. in this letter, he sort of lays out part of his plan. what do you think of his plan as we've laid out so far? >> i think the first thing that i heard you say is the white house is already reacted negativively to it, which is really concerning to me. look,...
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i believe tom coburn was right. it's time to sit down in a room, see if we can work this out. going off the cliff would be a stupid idea. >> i want you -- david brooks this morning writes this in "the new york times." republicans have to realize that they are going to cave on tax rates. the only question is what they get in return. do you agree? >> not necessarily at all, because i believe if you raise the base upon which the tax rate is applied, you can raise revenue and keep the rates where they are. >> explain that. let me stop you there. when you raise the base of which the tax rate is applied, explain what you mean. >> capping deductions so you can't use deductions to offset tax obligations. that creates more revenue but the rates stay the same. as erskine bowles commission can go down as much as from 35% to 29% at the upper level. the same thing ronald reagan and tip o'neill did in 1986. in 1986 the top marginal rate it was 70%. it was lowered to 28%. we can take that approach again. >> you know, you brought up the fact that you are in real est e estate. one of the items
i believe tom coburn was right. it's time to sit down in a room, see if we can work this out. going off the cliff would be a stupid idea. >> i want you -- david brooks this morning writes this in "the new york times." republicans have to realize that they are going to cave on tax rates. the only question is what they get in return. do you agree? >> not necessarily at all, because i believe if you raise the base upon which the tax rate is applied, you can raise revenue and...
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how much of a problem is it, david, if the republicans you know, tom coburn said he does not want to raise that tax number. >> the president ran on his first term on opposing a health care mandate. he was against that. presidents change their minds. the idea that you would do a revenue measure with an eye to basically doing something punitive, when there are much more important policy goals you can achieve and when it's not going to be good for the economy and when this is a terrible time to do it. i think cooler heads should prevail. >> so then paul, what does a compromise look like. so try to be down the middle on this if you can. what does it really look like when both sides are giving? let's take david's proposal about the carbon tax off the table for the moment and let's take a look at taxes and spending. what is an agreement that both sides can say yes, we each gave a little? >> the republicans must agree to higher tax rates on well off americans. all the way to the 39.6 that the president, they have to. that's the ticket for admission because the president won the election and
how much of a problem is it, david, if the republicans you know, tom coburn said he does not want to raise that tax number. >> the president ran on his first term on opposing a health care mandate. he was against that. presidents change their minds. the idea that you would do a revenue measure with an eye to basically doing something punitive, when there are much more important policy goals you can achieve and when it's not going to be good for the economy and when this is a terrible time...
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i spoke with tom coburn this hour and he said the deal boehner's put on the table is the best compromise out there. listen. >> i'm certain that if this is not good enough for the white house, we will go over the fiscal cliff. >> if you read though, the boehner proposal carefully, no tax rate increases, which we know is a nonstarter for the president. so where does that leave us? john avlon is here to help us read through the lines of the deal, also crunch some of those numbers. first, we're talking about the $800 billion figure. that's in the letter that john boehner wrote to the president. break that down for us. >> that's right. there is no numbers breaking that down. it's a where's the beef question. bumper sticker, we have the numbers but no details. boehner's aides will say that's where the negotiations come in. the devil's in the details. they'll say look, to achieve these revenue increases by closing deductions and loopholes. in the letter boehner sent, he says they may be able to lower some rates based on comments made by erskine bowles. >> i think for folks especially we're left
i spoke with tom coburn this hour and he said the deal boehner's put on the table is the best compromise out there. listen. >> i'm certain that if this is not good enough for the white house, we will go over the fiscal cliff. >> if you read though, the boehner proposal carefully, no tax rate increases, which we know is a nonstarter for the president. so where does that leave us? john avlon is here to help us read through the lines of the deal, also crunch some of those numbers....
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. >> tom coburn. we'll be talking to dr. brzezinski. >> frightening. >> be scared. >> and senator claire mccaskill. a triumphant return. >> fantastic. >> ahead on "morning joe" though, the white house says no to the republicans' fiscal cliff plan. it was a terrible plan. nobody has offered a good one yet. we have big dreams. one is for a clean, domestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise. the strength of a leader in retirement planning. the h
. >> tom coburn. we'll be talking to dr. brzezinski. >> frightening. >> be scared. >> and senator claire mccaskill. a triumphant return. >> fantastic. >> ahead on "morning joe" though, the white house says no to the republicans' fiscal cliff plan. it was a terrible plan. nobody has offered a good one yet. we have big dreams. one is for a clean, domestic energy future that puts us in control. our abundant natural gas is already saving us money,...